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Incentives No More - Why States are Changing Course on Incentives

Posted 8:01 PM by

Featured in Area Development, Tim Cook and Katie Culp, CEO and president, respectively, of KSM Location Advisors, discuss the changing environment of economic development incentives. The recovering U.S. economy, state and local administration changes, and many other factors have impacted states’ positions and philosophies on business incentives and how they should be used. In this article, Tim and Katie highlight why it is important for growing businesses to consider this shifting landscape and how it impacts site selection decisions.

Intro: Incentives No More - Why States are Changing Course on Incentives

The playing field for economic development incentives has been muddied recently due to evolving philosophies on incentives and cash-strapped states not only modifying their approach toward incentives, but using the fine print to reconsider promises made to companies looking to move or grow.

Read the full article in Area Development magazine's Q1 2016 issue.

About the Author
Tim Cook is the CEO of KSM Location Advisors, part of the Katz, Sapper & Miller Network. Tim works closely with companies across the country during the site selection process, assisting in negotiating and securing economic development programs. Connect with him on LinkedIn.

 

About the Author
Katie Culp is president of KSM Location Advisors, part of the Katz, Sapper & Miller Network. She commands swift and ethical expertise in the incentives, site selection, and state and local tax arenas. Connect with her on LinkedIn.

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